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“Economic freedom” and economic growth: questioning the claim that freer markets make societies more prosperous
Cohen, Joseph N - Volkswirtschaftliche Fakultät, … - 2011
A conventional reading of economic history implies that free market reforms rescued the world’s economies from stagnancy during the 1970s and 1980s. I reexamine a well-established econometric literature linking economic freedom to growth, and argue that their positive findings hinge on two...
Persistent link: https://www.econbiz.de/10009325575
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Is “economic freedom” strictly free market capitalism? A decompositional analysis of the Economic Freedom of the World index
Cohen, Joseph N - Volkswirtschaftliche Fakultät, … - 2009
argues that the index is an amalgam of measures capturing free markets and good governance, and analysts should remain … maximize good governance but not liberalization. Factor analyses suggest that the index’s Legal System & Property Rights … component is more closely related to outside governance metrics that do not imply market liberalism than other “economic freedom …
Persistent link: https://www.econbiz.de/10008560960
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“Economic freedom” and economic growth: questioning the claim that freer markets make societies more prosperous
Cohen, Joseph N - Volkswirtschaftliche Fakultät, … - 2011
A conventional reading of economic history implies that free market reforms rescued the world’s economies from stagnancy during the 1970s and 1980s. I reexamine a well-established econometric literature linking economic freedom to growth, and argue that their positive findings hinge on two...
Persistent link: https://www.econbiz.de/10011257910